Principal Credit Resolution Specialist (Commercial Credit Workout)

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About this role:

Wells Fargo is seeking a Principal Credit Resolution Specialist that will support our Credit Resolution Group within Commercial Credit Workout. The Credit Resolution Group resides within the Commercial Banking (CB) Risk group and works directly with the Commercial Banking and Corporate & Investment Banking lines of business to both identify and manage lending relationships in distress. These high-risk client relationships are transitioned to the Credit Resolution Group to manage the recovery of Wells Fargo's capital through early intervention and restructuring of distressed assets originated in Commercial Banking and Corporate & Investment Banking.

In this role, you will:

• Manage a portfolio of the most complex distressed credit exposure focused on Corporate & Investment Banking (CIB) credits as the primary workout officer; provide advice to CIB regarding stressed relationships not yet transferred to workout
• Lead discussions and negotiations with workout customers, financial sponsors, bank syndicates, and other creditors for relationships originated in CIB.
• Analyze key issues related to cash flow and liquidity, leverage, working capital, collateral and enterprise value analysis, and repayment sources; prepare internal review materials for credit underwriting
• Investigate creditor rights and legal ramifications in a potential restructure, leading credit amendments and restructurings, and monitoring of the credit post-restructure
• Lead interaction and negotiate with internal and external legal counsel for the preparation and review of term sheets, and credit agreements; review and negotiate highly complex agreements and ancillary documents related to the closing of a restructuring; lead the negotiation of amendments, forbearances, and restructurings
• Lead discussions with CIB leadership as needed regarding the management and resolution of distressed loans.
• Mentor and collaborate with Credit Resolution Group associates, analysts, junior staff, and peer groups; collaborate with other groups within Wells Fargo, as well as outside providers of professional services such as appraisers, bankruptcy attorneys, financial advisors, receivers, forensic accountants, and insurance providers during the restructuring process
• Lead the preparation of internal problem loan memorandums and impromptu reports for senior management, executives, and senior credit officers identifying critical credit issues and recommending options to mitigate risk and maximize potential loan recovery
• Perform enterprise valuations and recovery analysis for Wells Fargo exposure in highly complex capital structures
• Perform impairment calculations on a periodic basis by assessing most likely and downside scenarios for forecasted cash flow
• Lead client visits to develop a deeper understanding of the client's day-to-day operational issues, borrowing needs, viability of the client's business, and recovery prospects

Required Qualifications:

• 10+ years of Credit Resolution experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 10+ years of corporate workout experience at a major US bank, investment bank, direct lender or private credit provider.
• BA/BS degree in a discipline such as accounting, finance, economics, etc.
• Prior corporate workout, special asset, or credit resolution experience.
• Proven ability to serve as a lead workout officer managing highly complex and high-risk credit exposures for large corporate customers
• Strong track record of leading negotiations with borrowers, financial sponsors, bank syndicates, and multi-creditor groups
• Advanced expertise in financial and credit analysis, including Cash flow and liquidity assessment, Leverage and capital structure analysis, Working capital evaluation, Collateral and enterprise valuation, Recovery and repayment analysis
• Deep knowledge of credit structuring, restructuring, and distressed transactions, including:
• Amendments and forbearance agreements, Complex restructurings and recapitalizations, post-restructure credit monitoring
• Solid understanding of creditor rights, bankruptcy processes, and legal frameworks impacting restructures
• Experience partnering with legal counsel to review and negotiate complex term sheets, credit agreements, and restructuring documentation
• Demonstrated ability to prepare and present executive-level credit materials, including problem loan memorandums and risk mitigation strategies
• Excellent communication, negotiation, and stakeholder management skills, particularly with senior leadership and external partners

Job Expectations:

• Ability to travel up to 10% of the time
• This position does not offer sponsorship
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process

Locations:

• 401 S. Tryon St, Charlotte, NC
• 150 E 42nd St, New York, NY
• 401 Las Colinas Blvd W, Irving, TX

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$215,000.00 - $355,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

29 May 2026
*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.